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India's Coffee Day falls in trading debut

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Cafe Coffee Day runs about 1,650 cafes across the country. That's more than three times all its rivals combined, including Starbucks Corp, which entered India in 2012.

Mumbai

COFFEE Day Enterprises Ltd, the Indian cafe operator and coffee exporter, fell in its trading debut after the company and investors including KKR & Co raised 11.5 billion rupees (S$246 million) in India's biggest share sale in three years.

The stock slumped to 291.80

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